Blockchain and AI Converge at Future Blockchain Summit 2024, Launching a Global Dialogue on Technology’s Next Frontier

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Blockchain and AI Converge at Future Blockchain Summit 2024, Launching a Global Dialogue on Technology’s Next Frontier

DUBAI, UNITED ARAB EMIRATES – 16/10/2024 – (SeaPRwire) – The highly anticipated Future Blockchain Summit 2024 has kicked off at Dubai Harbour, signaling a new chapter in the blockchain and cryptocurrency world. This year, the summit brings together an expansive community of industry leaders, innovators, entrepreneurs, and enthusiasts eager to delve into the cutting-edge developments shaping blockchain, AI, and the digital economy. With Dubai’s reputation as a global hub for technological innovation, the event aims to foster transformative discussions and explore the dynamic intersections between blockchain technology, artificial intelligence, and the digital economy’s future trajectory.

The summit promises an immersive agenda, featuring over 150 speakers, panelists, and thought leaders across industries, who will cover topics from decentralized finance (DeFi) to Web3, and from tokenization of real-world assets to the future of gaming. Against the backdrop of Dubai’s relentless push towards becoming the epicenter of blockchain innovation, the event is designed to catalyze new investments, partnerships, and technologies that will redefine how blockchain, AI, and crypto are integrated into the global economy.

Blockchain and AI Investments: A Glimpse into the Future

At the heart of the summit was the Future Blockchain Stage, where the overarching theme of “Investments in Blockchain & Gaming” set the tone for discussions. The session was inaugurated by Dr. Marwan AlZarouni, CEO of AI at the Dubai Department of Economy & Tourism. His address underscored Dubai’s leadership in blockchain and AI, highlighting the city’s progressive stance on technology adoption. Dr. AlZarouni emphasized that Dubai’s vibrant business ecosystem, regulatory innovation, and AI-driven initiatives make it the perfect launching pad for tech startups and blockchain projects from across the world. “Dubai’s future-forward vision provides an unparalleled platform for trailblazers in blockchain and AI to turn their revolutionary ideas into reality. With the right resources and a regulatory framework open to innovation, Dubai is where the impossible becomes possible,” he said.

In another forward-thinking session, Ahmed Bin Sulayem, Executive Chairman & CEO of Dubai Multi Commodities Centre (DMCC), presented his views on how AI, blockchain, and gaming are poised to reshape global trade by 2026. Predicting that the world would be unrecognizable within just a few years, Sulayem highlighted security as a critical element in ensuring the successful implementation of these technologies. “Automation, AI, and blockchain will dominate the landscape of the future, and security will be the determining factor in just how far these technologies can go,” he remarked.

Exploring Blockchain’s Expanding Role in Trade and Investment

Another key panel explored the rapid institutional adoption of blockchain technology and its transformative potential for global markets. Moderated by John Fan, Venture Partner at Inception Capital in the USA, the panel featured prominent industry figures such as Marcel Kasumovich, Deputy Chief Investment Officer at Coinbase Asset Management, Oliver von Wolff, Founder & CEO of Helion Edge in the UAE, and Mansoor Madhavji, Partner at Blockchain Founders Fund in the UAE. The discussion focused on Dubai’s burgeoning role as a blockchain investment hub, with participants noting how new asset classes and digital securities are reshaping the financial landscape.

Mansoor Madhavji, in particular, highlighted the UAE’s unique ability to attract top-tier blockchain talent and startups due to the government’s decision to detach work visas from employer sponsorship. “Since relocating to the UAE in 2020, we’ve seen a profound transformation in the blockchain space. The freedom of movement for talent has enabled us to invest in highly polished startups. The UAE is rapidly becoming a global hub for blockchain innovation,” he commented, adding that his fund has invested in six to seven UAE-based startups in the last year alone.

Web3 Gaming and Real-World Asset Tokenization: Blockchain’s New Frontier

The rise of Web3 gaming was another focal point at the summit, signaling a shift away from traditional gaming models towards a future where blockchain is integrated into every facet of gameplay. Blowfish Studios, a subsidiary of Animoca Brands, showcased a AAA open-world space adventure featuring blockchain technology and a new cooperative game mode. Attendees had the chance to experience firsthand how blockchain can redefine gaming through decentralized ownership, digital asset integration, and innovative player collaboration.

Tokenization of real-world assets (RWA) was also a major theme discussed by Mike Williams, Chief Communication Officer at Toobit. Williams noted that tokenization—using blockchain to fractionalize traditionally illiquid assets like real estate and commodities—is rapidly emerging as one of the most groundbreaking applications of blockchain technology. “By tokenizing real-world assets, we can democratize access to investments that were once out of reach for the average investor. This opens up a new world of possibilities for both users and developers,” he said, explaining how blockchain could be used to revolutionize investment opportunities by creating more liquid and accessible markets.

DeFi, Blockchain Investments, and the Future of Innovation

As the summit continues, tomorrow’s agenda will shine a spotlight on the evolution of decentralized finance (DeFi) and its rapidly expanding role in global markets. With over 1,200 investors, 120 exhibitors, and 150 speakers from more than 50 countries, the Future Blockchain Summit 2024 is poised to redefine the future of finance, offering unprecedented opportunities for collaboration, investment, and innovation. The ongoing convergence of blockchain, AI, and gaming is not just reshaping industries but also creating entirely new markets, positioning Dubai as a critical player in this technological revolution.

SOURCE: Future Blockchain Summit

by Arrow123

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